Tag: Australian big miners

• Wednesday, May 29th 2019 - 10:03 UTC

  Brazil's iron ore industry misery, a boom for Australian big miners

  

  Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.